Tesla Inc TSLA.O Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc TWTR.N, saying that the social media company had failed to provide information about fake accounts on the platform.
Shares of Twitter fell 6% in extended trading.
In a filing, Musk’s lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company’s business performance.
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Musk had threatened to halt the deal unless the company showed proof that spam and bot accounts were fewer than 5% of users who see advertising on the social media service.
Last month, Twitter allowed Musk access to its “firehose”, a repository of raw data on hundreds of millions of daily tweets.
Twitter did not immediately respond to a Reuters request for comment.
(Reporting by Chavi Mehta in Bengaluru; Editing by Sriraj Kalluvila)
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